Making some money is half the business or even less. Preserving is more important than making! Events of the past two years have demonstrated there is nothing eternal in this world: currencies that used to be regarded as inviolable collapsed; others are trying to get cheaper artificially because a strong currency undermines national exports. However, there is a way out in this currency outrage - gold accounts with broking company Admiral Markets!
There used to be a wide range of currencies treated as 'a safety haven' that investors preferred to go into in times of crisis because they guaranteed preservation of capital despite lower returns. Over the past decades such safety havens included the Japanese yen, the British pound, the Swiss franc. But quite recently Switzerland, renowned for its neutrality and independent stance on all issues, was forced to temporarily peg the franc to the single European currency - the euro. This resulted from active purchases of the Swiss currency by investors wishing to secure their capitals in the context of the euro and the American dollar tossing around. Bankers of the Alpine Republic tried different methods of limiting demand for the franc, up to multi-million interventions in the currency market. But this yielded no positive outcome.
The debt crisis in the Eurozone threatens to evolve into the second wave of the global financial crisis, recession of the American economy is clearly too long, and China does not want to assume the role of the global economy's locomotive since it is too risky for the 'young dragon' who has just claimed to be among global leaders but experiences difficulties in domestic markets - inflation, growing real estate prices, oversaturation with foreign investments etc.
So, where should the poor (in terms of fate rather than money) investor find security? It was said above the morning sun never lasts a day. Still, there's an exception - gold. The precious metal has never lost its value for thousands of years. All leading countries of the world professed the gold standard until mid 20th century - guaranteed security of bank notes with a fixed amount of gold. However, in 1944 the Bretton Woods Conference surrendered the gold standard right to the only global currency - the US dollar. Then the exchange rate was fixed at $35 per troy ounce (31.10348 grams). Annual, in early 1970s the US dropped the gold standard to open itself a path to a free price of gold and, accordingly, convertible currencies. This is when the forex market emerged.
It is clear to any investor that gold investments are the most profitable and secure investments, especially for the long term. In response to its clients' requests Admiral Markets offered investors a new service - gold trading accounts - in July 2009 (on the 65th anniversary of the Bretton Woods Conference). It was a revolutionary step in internet trading as no broker had ever offered a thing like this.
The high potential of Admiral Markets' gold accounts is supported by the fact that today the troy ounce of gold is traded at $1,600-1,800 - or 50 times more than at the time of the Bretton Woods agreement. Experts believe the value of the precious metal will not stop here and is expected to grow to $2,000 as early as by the end of this year. Analysts don't rule out that the precious metal could grow to $5,000 an ounce in a few years to come! Isn't it high time you opened your own gold account with Admiral Markets? Especially in a context when the broker has no minimum gold account requirements! It is as convenient as could be, given 24 representative offices available in a variety of countries. Ukrainian clients can open gold accounts since September this year through the company's representative office in Ukraine - OOO Admiral Markets Ukraine.
The underlying currency of the gold account with Admiral Markets is Golden Unit equal to 1/1,000 of the troy ounce (with a reference rate of XAU/USD). The investor can fund their gold account in any currency which will be converted into gold at the current market exchange rate. It should be noted that the GOLD ticker shows the price of refined gold (of at least 995 standard).
Admiral Markets offers leverage of 1:50 to support players working with gold accounts. When funds need to be withdrawn from a gold account, they are converted into US dollars at the then XAU/USD exchange rate or into any other currency at a cross rate.
You only need five minutes to open a live gold account with Admiral Markets.
Admiral Markets is in the Supreme League of the Forex Brokers' Rating of the Masterforex-V Academy. It was created in 2001 as Admiral Investments & Securities Ltd. and was in 2006 rebranded under its current name. Admiral Markets' network of branches covers over 20 countries of the world. It operates in the forex, in stock, precious metals, energy futures markets etc. It was among the first in the post-soviet space to offer traders MetaTrader4, a trading platform.
